Absa Group Ltd (JSE:ABG)
R 167.48 -0.52 (-0.31%) Market Cap: 138.80 Bil Enterprise Value: 300.96 Bil PE Ratio: 7.35 PB Ratio: 0.88 GF Score: 77/100

Full Year 2022 Absa Group Ltd Earnings Call Transcript

Mar 13, 2023 / 06:30AM GMT
Release Date Price: R175.19 (-6.63%)
Arrie Rautenbach
Absa Group Limited - Group CEO & Executive Director

Good morning and thank you for joining us for Absa's 2022 results presentation. Before I get into the results, I would like to begin with thanking all our stakeholders. Our customers for believing in us, our colleagues for their dedication throughout the year, the communities we operate in across the continent for giving us the license to operate, our Board of Directors for their guidance and our shareholders for their unwavering support.

Turning to our results, I will first share my thoughts on the operating environment that we faced last year, and where we are as a group in delivering our strategy, before briefly giving my perspective on our strong 2022 performance.

Thereafter, Jason will unpack our numbers in detail and provide our guidance for 2023, and then we will take your questions.

The global, regional and domestic environments remained unusually uncertain throughout 2022. COVID-19 receded as an immediate threat to the economy, although it remained a key driver of the Chinese outlook.

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